Weekly Research Analysts’ Ratings Updates for Comcast Corp. (CMCSA)
Comcast Corp. (NASDAQ: CMCSA) recently received a number of ratings updates from brokerages and research firms:
- 10/7/2016 – Comcast Corp. had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $77.00 price target on the stock.
- 9/30/2016 – Comcast Corp. had its “buy” rating reaffirmed by analysts at Jefferies Group.
- 9/27/2016 – Comcast Corp. had its “buy” rating reaffirmed by analysts at Argus. They now have a $81.00 price target on the stock.
- 9/25/2016 – Comcast Corp. had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $70.00 price target on the stock.
- 9/22/2016 – Comcast Corp. had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $70.00 price target on the stock.
- 8/19/2016 – Comcast Corp. had its price target raised by analysts at Telsey Advisory Group from $75.00 to $76.50. They now have an “outperform” rating on the stock.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded up 0.43% during mid-day trading on Wednesday, reaching $65.24. The company had a trading volume of 6,413,001 shares. Comcast Corp. has a 52-week low of $52.34 and a 52-week high of $68.36. The stock has a market capitalization of $157.35 billion, a P/E ratio of 19.84 and a beta of 1.05. The company’s 50-day moving average is $65.92 and its 200 day moving average is $64.29.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The firm earned $18.74 billion during the quarter, compared to analyst estimates of $19.11 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Comcast Corp. will post $3.52 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, October 3rd. Comcast Corp.’s dividend payout ratio is 33.43%.
In other news, EVP Neil Smit sold 29,475 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $67.86, for a total transaction of $2,000,173.50. Following the transaction, the executive vice president now owns 81,410 shares in the company, valued at approximately $5,524,482.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Brian L. Roberts sold 304,109 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $67.26, for a total transaction of $20,454,371.34. Following the transaction, the chairman now owns 630,596 shares in the company, valued at approximately $42,413,886.96. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by corporate insiders.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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